Posts Tagged "Nuclear"

After working nine years to expand a nuclear power plant in South Carolina, its developers are pulling out of the $14 billion reactor project in the wake of rising costs, falling demand for energy, construction delays and the bankruptcy of lead contractor...

Trying to keep aging coal and nuclear plants operating “may end up raising rather than lowering the average cost of wholesale electricity for many customers.”

– from a leaked draft of a politically motivated analysis commissioned by Energy Secretary Rick Perry that was supposed to question whether renewable energy policies or regulations have harmed grid reliability and accelerated the retirement of coal and nuclear plants, but which actually showed the opposite to be true.

The South Carolina Public Service Commission has unsealed documents showing that at least $325 million was spent on additional construction costs for the beleaguered V.C. Summer nuclear reactor. The 2,234-megawatt plant, has been delayed multiple times, is billions of...

Taiwan’s government is starting to map out plans for a power system will increase the share of renewable energy to 20 percent of total power output on the island by 2025, up from 5 percent currently. The Taiwanese government hopes to attract NT$1.8 trillion ($59...

Exelon Corp. has announced that it will close the Three Mile Island nuclear plant at the end of September 2019 if Pennsylvania lawmakers do not provide financial subsidies for the 852 MW generator. The move comes a week after Three Mile Island and another Exelon...

Swiss voters have backed government plans to replace the power from aging nuclear reactors with renewable energy. In the latest election, 58.2 percent of voters supported the phaseout of nuclear energy in a binding referendum. Under the Swiss system of direct...

Taiwan’s main power provider plans to invest $22.7 billion (US) to boost the amount of wind energy generated to 4,200 megawatts. Taiwan’s Ministry of Economic Affairs unveiled the details as part of the nation’s eight-year green energy development plan, an...

In a market plagued by financial woes and doubt created by the bankruptcy of Westinghouse Electric, the nuclear power business in the United State is collapsing for a number of reasons, according to a new report. The U.S. Energy Information Administration last week...

The utility that’s building two of the newest nuclear reactors in the country is considering abandoning the project after the contractor building them announced it was filing for bankruptcy. Westinghouse Electric Co., the U.S. nuclear unit of Japan’s...

“We should reduce consumption of fossil fuels, coal in particular. Coal-fired power plants are accused of air pollution and fine-dust emissions.”

– Moon Jae-In, South Korea’s leading presidential candidate, regarding his pledge to reduce coal-fired power plants and phase out nuclear reactors as it strives to be more environment-friendly and low-carbon oriented. South Korea has more than 50 coal-fired power plants that supply about 40 percent of its electricity.

A new interdisciplinary study from researchers at the University of Texas at Austin that documents electricity costs for every county in the nation shows that wind and gas are the lowest-cost technology options for new generation across much of the country when...

“We determined that a shutdown in 2018 is prudent when comparing the transaction to the business risks of continued operation.”

– Entergy Chairman and CEO Leo Denault, in a statement announcing the permanent closure of the Palisades nuclear power plant in southwestern Michigan in 2018. Even with a $172 million payment to get out of its contract, Consumers Energy, which buys the power from the plant, anticipates saving money by turning to less expensive alternatives, including renewable energy.

While there is a significant partisan split among Americans regarding climate issues, according to public opinion research by the Pew Research Center, one spot of unity in an otherwise divided environmental policy landscape is that the vast majority of Americans...

In four short years, South Africa’s energy infrastructure has undergone a dramatic evolution, with renewable energy quickly replacing traditional coal-fired power. In 2007, construction began on two new coal-fired power stations with a combined capacity of 9.6...

Customers of several U.S. utilities could end up paying more than $2.5 billion to cover costs for nuclear plants that never get built, according to according to company disclosures and regulatory filings reported by Bloomberg. In recent decisions, regulators have...

Ukrainian officials have begun floating the idea of resurrecting the site of the world’s most destructive nuclear meltdown into a massive solar farm. The plan comes with plenty of risks related to radioactive contamination throughout the 1,600-square-mile exclusion...

Renewable energy sources including which include onshore and offshore wind, solar, hydroelectric dams and biomass, provided a quarter of United Kingdom’s power supplies in 2015, outstripping coal power for the first time, according to recently published...

A French government advisory committee has recommended that the country increase taxes on coal-burning power plants or set stiffer carbon emissions standards to reduce carbon emissions. The French government has committed to set a carbon price floor for electricity...